The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3-D SYS CORP DEL COM NEW 88554D205 16,475 1,426,390 SH   SOLE 1,426,390 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 4,103 176,000 SH   SOLE 176,000 0 0
ALTRIA GROUP INC COM 02209S103 1,540 28,300 SH   SOLE 28,300 0 0
AMEC FOSTER WHEELER PLC SPONSORED ADR 00167X205 8,874 814,863 SH   SOLE 814,863 0 0
ANGIES LIST INC COM 034754101 1,990 394,800 SH   SOLE 394,800 0 0
APOLLO ED GROUP INC CL A 037604105 1,515 136,972 SH   SOLE 136,972 0 0
APPLE INC COM 037833100 5,595 50,725 SH   SOLE 50,725 0 0
ARGAN INC COM 04010E109 2,337 67,400 SH   SOLE 67,400 0 0
ARRIS GROUP INC NEW COM 04270V106 2,207 85,000 SH   SOLE 85,000 0 0
ASB BANCORP INC N C COM 00213T109 722 28,825 SH   SOLE 28,825 0 0
AT&T INC COM 00206R102 8,471 260,000 SH   SOLE 260,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 17,228 440,045 SH   SOLE 440,045 0 0
BED BATH & BEYOND INC COM 075896100 2,121 37,200 SH   SOLE 37,200 0 0
BENEFICIAL BANCORP INC COM 08171T102 833 62,832 SH   SOLE 62,832 0 0
BLOCK H & R INC COM 093671105 2,813 77,700 SH   SOLE 77,700 0 0
BLUCORA INC COM 095229100 2,313 168,000 SH   SOLE 168,000 0 0
BLUE HILLS BANCORP INC COM 095573101 314 22,654 SH   SOLE 22,654 0 0
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 2,611 99,600 SH   SOLE 99,600 0 0
BRINKS CO COM 109696104 12,155 450,000 SH   SOLE 450,000 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 2,803 270,000 SH   SOLE 270,000 0 0
BUCKLE INC COM 118440106 2,233 60,400 SH   SOLE 60,400 0 0
CA INC COM 12673P105 2,360 86,450 SH   SOLE 86,450 0 0
CAPELLA EDUCATION COMPANY COM 139594105 2,476 50,000 SH   SOLE 50,000 0 0
CBIZ INC COM 124805102 2,995 305,000 SH   SOLE 305,000 0 0
CENTURYLINK INC COM 156700106 4,831 192,300 SH   SOLE 192,300 0 0
CHEVIOT FINL CORP NEW COM 16677X105 873 63,200 SH   SOLE 63,200 0 0
CISCO SYS INC COM 17275R102 2,559 97,500 SH   SOLE 97,500 0 0
CLIFTON BANCORP INC COM 186873105 565 40,671 SH   SOLE 40,671 0 0
COMMSCOPE HLDG CO INC COM 20337X109 3,303 110,000 SH   SOLE 110,000 0 0
DELUXE CORP COM 248019101 2,285 41,000 SH   SOLE 41,000 0 0
DONNELLEY R R & SONS CO COM 257867101 796 54,650 SH   SOLE 54,650 0 0
DOVER CORP COM 260003108 2,219 38,800 SH   SOLE 38,800 0 0
DOVER MOTORSPORTS INC COM 260174107 1,219 530,212 SH   SOLE 530,212 0 0
DXP ENTERPRISES INC NEW COM NEW 233377407 2,401 88,000 SH   SOLE 88,000 0 0
EBIX INC COM NEW 278715206 3,195 128,000 SH   SOLE 128,000 0 0
EMCOR GROUP INC COM 29084Q100 2,744 62,000 SH   SOLE 62,000 0 0
EMERSON ELEC CO COM 291011104 11,296 255,736 SH   SOLE 255,736 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 3,417 42,204 SH   SOLE 42,204 0 0
EXXON MOBIL CORP COM 30231G102 2,517 33,849 SH   SOLE 33,849 0 0
FLUOR CORP NEW COM 343412102 2,245 53,000 SH   SOLE 53,000 0 0
FOSSIL GROUP INC COM 34988V106 2,515 45,000 SH   SOLE 45,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 1,313 75,620 SH   SOLE 75,620 0 0
FRANKLIN RES INC COM 354613101 5,347 143,500 SH   SOLE 143,500 0 0
GAMESTOP CORP NEW CL A 36467W109 2,629 63,800 SH   SOLE 63,800 0 0
GAP INC DEL COM 364760108 1,952 68,500 SH   SOLE 68,500 0 0
GILEAD SCIENCES INC COM 375558103 2,651 27,000 SH   SOLE 27,000 0 0
GOOGLE INC CL A 38259P508 511 800 SH   SOLE 800 0 0
GOOGLE INC CL C 38259P706 4,454 7,321 SH   SOLE 7,321 0 0
HEWLETT PACKARD CO COM 428236103 2,036 79,500 SH   SOLE 79,500 0 0
HIGHER ONE HLDGS INC COM 42983D104 416 211,062 SH   SOLE 211,062 0 0
HILLENBRAND INC COM 431571108 2,393 92,000 SH   SOLE 92,000 0 0
INTEL CORP COM 458140100 881 29,237 SH   SOLE 29,237 0 0
INTELIQUENT INC COM 45825N107 3,059 137,000 SH   SOLE 137,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 16,309 112,502 SH   SOLE 112,502 0 0
JOHNSON & JOHNSON COM 478160104 860 9,216 SH   SOLE 9,216 0 0
JPMORGAN CHASE & CO COM 46625H100 8,386 137,550 SH   SOLE 137,550 0 0
KEARNY FINL CORP MD COM 48716P108 786 68,497 SH   SOLE 68,497 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 19,941 850,000 SH   SOLE 850,000 0 0
LAPORTE BANCORP INC MD COM 516651106 241 16,334 SH   SOLE 16,334 0 0
MADDEN STEVEN LTD COM 556269108 3,113 85,000 SH   SOLE 85,000 0 0
MALVERN BANCORP INC COM 561409103 436 27,877 SH   SOLE 27,877 0 0
MANPOWERGROUP INC COM 56418H100 3,276 40,000 SH   SOLE 40,000 0 0
MANTECH INTL CORP CL A 564563104 2,353 91,567 SH   SOLE 91,567 0 0
MEDTRONIC PLC SHS G5960L103 38,155 569,981 SH   SOLE 569,981 0 0
METHODE ELECTRS INC COM 591520200 3,190 100,000 SH   SOLE 100,000 0 0
MICROSOFT CORP COM 594918104 13,335 301,280 SH   SOLE 301,280 0 0
MSB FINL CORP NEW COM 55352L101 610 52,618 SH   SOLE 52,618 0 0
NASDAQ INC COM 631103108 3,040 57,000 SH   SOLE 57,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,920 51,000 SH   SOLE 51,000 0 0
NAUGATUCK VY FINL CORP MD COM 63906P107 225 20,800 SH   SOLE 20,800 0 0
NAVIGANT CONSULTING INC COM 63935N107 3,182 200,000 SH   SOLE 200,000 0 0
NEUSTAR INC CL A 64126X201 2,694 99,000 SH   SOLE 99,000 0 0
NEWS CORP NEW CL A 65249B109 38,958 3,086,970 SH   SOLE 3,086,970 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2,508 110,000 SH   SOLE 110,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 3,319 20,000 SH   SOLE 20,000 0 0
NU SKIN ENTERPRISES INC CL A 67018T105 2,464 59,700 SH   SOLE 59,700 0 0
ORACLE CORP COM 68389X105 3,179 88,000 SH   SOLE 88,000 0 0
OUTERWALL INC COM 690070107 2,346 41,200 SH   SOLE 41,200 0 0
OWENS ILL INC COM NEW 690768403 24,864 1,200,000 SH   SOLE 1,200,000 0 0
PETMED EXPRESS INC COM 716382106 2,689 167,000 SH   SOLE 167,000 0 0
PFIZER INC COM 717081103 22,959 730,946 SH   SOLE 730,946 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 2,494 120,000 SH   SOLE 120,000 0 0
POLONIA BACORP INC MD COM 73158Q109 253 19,486 SH   SOLE 19,486 0 0
PROCTER & GAMBLE CO COM 742718109 401 5,570 SH   SOLE 5,570 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 1,009 70,000 SH   SOLE 70,000 0 0
QUALCOMM INC COM 747525103 16,226 302,000 SH   SOLE 302,000 0 0
REGAL ENTMT GROUP CL A 758766109 382 20,450 SH   SOLE 20,450 0 0
REX AMERICAN RESOURCES CORP COM 761624105 1,873 37,000 SH   SOLE 37,000 0 0
RPX CORP COM 74972G103 2,401 175,000 SH   SOLE 175,000 0 0
SANDERSON FARMS INC COM 800013104 2,537 37,000 SH   SOLE 37,000 0 0
SANDISK CORP COM 80004C101 2,380 43,800 SH   SOLE 43,800 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 2,016 45,000 SH   SOLE 45,000 0 0
SI FINL GROUP INC MD COM 78425V104 582 48,875 SH   SOLE 48,875 0 0
STARZ COM SER A 85571Q102 2,688 72,000 SH   SOLE 72,000 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,213 101,000 SH   SOLE 101,000 0 0
STRAYER ED INC COM 863236105 3,381 61,500 SH   SOLE 61,500 0 0
SUNSHINE BANCORP INC COM 86777J108 190 13,750 SH   SOLE 13,750 0 0
SUSSEX BANCORP COM 869245100 369 29,534 SH   SOLE 29,534 0 0
SYMANTEC CORP COM 871503108 2,249 115,500 SH   SOLE 115,500 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 2,431 75,000 SH   SOLE 75,000 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 3,078 163,280 SH   SOLE 163,280 0 0
TRC COS INC COM 872625108 65,872 5,568,257 SH   SOLE 5,568,257 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 18,258 419,624 SH   SOLE 419,624 0 0
VIACOM INC NEW CL B 92553P201 6,688 155,000 SH   SOLE 155,000 0 0
VIRGIN AMER INC COM VTG 92765X208 3,218 94,000 SH   SOLE 94,000 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 19,424 2,004,500 SH   SOLE 2,004,500 0 0
WABASH NATL CORP COM 929566107 2,192 207,000 SH   SOLE 207,000 0 0
WASTE MGMT INC DEL COM 94106L109 442 8,875 SH   SOLE 8,875 0 0
WATERSTONE FINL INC MD COM 94188P101 1,120 83,120 SH   SOLE 83,120 0 0
WESTBURY BANCORP INC COM 95727P106 439 24,643 SH   SOLE 24,643 0 0
WESTERN DIGITAL CORP COM 958102105 2,200 27,700 SH   SOLE 27,700 0 0
WESTERN UN CO COM 959802109 2,846 155,000 SH   SOLE 155,000 0 0